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Epic Incorporated has 11,300 shares of $2 par value common stock outstanding. Epic declares a 18% stock dividend on July 1 when the stock's market
Epic Incorporated has 11,300 shares of $2 par value common stock outstanding. Epic declares a 18% stock dividend on July 1 when the stock's market value is $21 per share. The stock dividend is distributed on July 20 . Drepare journal entries for ( a ) declaration and (b) distribution of the stock dividend. Journal entry worksheet Record the declaration of a 18% stock dividend. Note: Enter debits before credits
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